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Global Insulated Concrete Form Market Trends, Challenges and Growth Drivers Analysis
2022: Fractovia.org
Insulated concrete form (ICF) market is growing at a fast pace owing to its heavy demand in
the hurricane and seismic-prone areas. ICF construction provides durability, strength,
airtightness, and excellent sound insulation to the buildings. With growing consumer
awareness toward wellbeing, uplifted living standards, and quality of life, the demand for
energy efficient infrastructure is on a steady upsurge. MEA and Asia Pacific insulated concrete
form industry is expected to penetrate deeply in the coming years, owing to the rise in
disposable incomes in these regions and the positive approach toward new construction
materials. According to Global Market Insights, Inc.,”Insulated concrete form market
registering a revenue of USD 470 million in 2015, is projected to grow significantly at a CAGR
of 8% over the period 2016-2024.

Global insulated concrete form market from industrial applications is expected to prominently
drive the overall industry over the coming seven years due to increased consumer spending on
industrial construction. The industrial sector is projected to grow at an annual rate of 10% over
With conventional energy resources getting exhausted, numerous manufacturers are shifting
toward green buildings. Residential application accounted for a major share (55% of the total
volume) in terms of revenue in 2015, and will continue to be the dominant segment driving the
insulated concrete form industry. Accelerating global population leading to more residential
construction development will further augment the industry growth. Almost 80% of the ICFs
are used in low-rise residential construction, with a revenue estimation of USD 500 million by
Geographically, North America insulated concrete form market led by the U.S. and Canada
will exhibit substantial growth in the years ahead. Flourishing construction industry of Canada
with a strong consumer urge for energy efficient building is fueling the regional demand.
Approximately, 100 distributors of ICF systems serve the Canadian industry. Favorable energy
saving policies initiated in the U.S. and Canada will influence insulated concrete form industry
growth in these regions.
Polystyrene foams are mostly used in ICFs construction. Driven by the rising consumer
requirement for features such as energy efficiency, comfort, structural stability, and cost
effectivity in buildings, polystyrene insulated concrete form market is the leading segment
driving the global market, accounting for more than 60% of the total volume in 2015.


Read full market research report “Insulated Concrete Form Market Size By Application
(Commercial, Industrial, Infrastructure, Residential), By Material (Polystyrene Foam,
Polyurethane Foam, Cement-Bonded Wood Fiber, Cement Bonded Polystyrene Beads,
Cellular Concrete), Industry Analysis Report, Regional Outlook (U.S., Canada,
Germany, UK, France, Italy, Spain, Poland, Russia, China, India, Japan, Australia,
Malaysia, Indonesia, Thailand, Brazil, Argentina, Mexico, South Africa, UAE, Saudi
Arabia, Qatar, Kuwait, Egypt), Application Potential, Price Trends, Competitive Market
Share & Forecast, 2016 - 2024”, please click on the link below:
About Fractovia.org
Fractovia.org is one of India's leading in-house and free news portal. It is fully automated, and
operates on a constant premise, interfacing with news sites and offering redesigned breaking
features to readers across the globe. Our mission is to offer individuals opportunities for
connections with news writers and distributors which they can pursue. We operate by mapping
articles pertaining to breaking news, constantly and progressively, against a pre-determined
word-based theme, offering important connections to readers and clients, as well as distributers.

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